ETH
SELLConfidence Score
Signal Analysis
🎯 Take Profit Target
This is the primary price target for executing your trade. Place your take profit order at this level for optimal risk/reward based on current technical analysis.
Price Forecasts
Detailed Reasoning
ETH is in a bullish trend structurally (price above EMA12/26/50/200), but the short-term setup is stretched and showing early exhaustion. RSI(14) at 76.32 signals overbought conditions, increasing the probability of a pullback/mean reversion. Price is pressing the upper Bollinger Band ($3126.17) with very tight bandwidth (1.25%), often preceding a volatility expansion; after an extended push, that expansion frequently resolves as a quick shakeout. MACD is barely positive (histogram 0.03) with the MACD line almost on the signal (8.07 vs 8.03), indicating momentum is flattening rather than accelerating. Recent candles show a grind higher into $3129.7 high with normal volume (0.95x), suggesting limited breakout conviction. With price near immediate resistance ($3126–$3130) and momentum waning, risk/reward favors closing longs (or a tactical short) targeting a reversion toward the mid-band/EMAs. Ideal stop loss for a short: $3142 (above the upper band and recent high to avoid noise).
Key Factors
Risk Assessment
Moderate risk: trend is still bullish so shorts are counter-trend; a volatility expansion could squeeze above $3130. Key risks are breakout continuation and whipsaw due to tight Bollinger Bands.
Market Context
Bullish higher-timeframe structure (price above EMA50/EMA200) but short-term overextended at resistance with momentum flattening, favoring a near-term pullback toward mean levels.